Ponder the inflationary macro with me, if you will

Stare at the chart of inflation expectations (RINF)… Gold went down during the 2012-2016 Goldilocks phase (officially ended in 2020 with the final tanking and reversal of inflation expectations), as did commodities and the Silver/Gold ratio. US stocks AKA the Good Ship Lollipop sailed on as the world was pulled in a disinflationary grip after USD bottomed and bulled in 2014. But since the deflationary … Continue reading Ponder the inflationary macro with me, if you will

GaryOctober 28, 2021October 28, 2021

Semiconductors

Wolf Speed to you

Wolfspeed stock (WOLF) explodes From the October 14th Trade Log… Smart people have been saying WOLF (formerly CREE) should go up for months now, while it went down. Today I am going to take the bait on the little hint above the SMA 50, which proves basically nothing. But… smart people… 2021 downtrend to just above long-term support. Taking a shot. I am not smart … Continue reading Wolf Speed to you

GaryOctober 28, 2021November 3, 2021

Copper/Industrial Metals

Doctor Copper tests the moving averages

Copper price looks for support As surmised possible in the previous copper post, the copper price lost the short-term lateral support point and is now looking for support at the up-trending moving averages. FWIW, I held CPER, turning a nice paper gain into a puny one. Ah well… Copper is still considered at support pending the convergence of the black dashed breakout re-test and said … Continue reading Doctor Copper tests the moving averages

GaryOctober 28, 2021October 28, 2021